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Showing 121 - 130 of 2018 results for "Legislation"

Chalmers teases superannuation update

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... superannuation. "Our government will continue to pursue its legislative agenda in the Senate, I will be hoping to introduce new legislation, for example the production tax credits as part of our Future Made in Australia agenda next week if I can," Chalmers ...

Outdated super rule costs teens $10k at retirement

MATTHEW WAI  |  TUESDAY, 12 NOV 2024
... Superannuation Guarantee contributions, which equates to about $368 million in total super contributions a year. Under current legislation, workers under the age of 18 are denied compulsory Superannuation Guarantee payments unless they work more than ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... super funds have common issues in two categories: system errors and non-compliance with Protecting Your Super (PYS) legislation. In one example, a fund's system error resulted in a consumer loss due to a trade in which the system was not able to recognise ...

ASIC chair defends Chairman's Lounge memberships

JAMIE WILLIAMSON  |  THURSDAY, 7 NOV 2024
... Chairman's Lounge memberships and whether they believe it's appropriate to maintain them. Appearing before the Economics Legislation Committee today, chair Joe Longo - who appeared alongside deputy chair Sarah Court, commissioners Alan Kirkland and Simone ...

ACCC urges parliament to pass new merger laws

ELIZA BAVIN  |  MONDAY, 4 NOV 2024
... comment on transactions before the ACCC for the wider community, including consumers and small businesses." If the legislation passes, the new regime will come into effect from 1 January 2026 with voluntary notification available from 1 July 2025. "The ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
... The Association of Superannuation Funds of Australia (ASFA) also wants to see the reforms passed swiftly, with the legislation to also benefit super funds. ASFA chief executive Mary Delahunty said the move will be a "revolutionary step" for Australians ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... Prosecutor's Office issued an indictment against Regal and its former employee for alleged breaches of securities legislation in connection with trading on a single day in 2019. "We understand that, by extension, Regal Funds Management (RFM) as the ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... turned down. "Ultimately after months of advocacy, it's incredibly disappointing Labor has chosen to proceed with legislation that does not sensibly index the $3 million threshold to Consumer Price Index (CPI) and this lack of indexation will disproportionately ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... Superannuation Regulations 2001 to align the fund with the broader superannuation industry and the Protecting Your Super legislation, which was introduced in 2019 to help avoid unnecessary erosion of account balances. As of September 25, GESB can now ...

Nudging pre-retirees has 'little effect'

ELIZA BAVIN  |  WEDNESDAY, 25 SEP 2024
... strategy that aims to maximise the retirement income of their members while managing risks and providing flexibility. "Legislation supports the use of nudges by encouraging funds to engage with members to help them make better retirement decisions." ...